The State of Australian
Startup Funding 2025
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The State of Australian Startup Funding Report examines the largest data set available on the Australian startup funding landscape.
In 2025, the report gathered contributions from close to a thousand individuals and companies for their insights on the state of the Australian startup funding market.
Total reported deals
390
Down 20% on 2024
Total funding
$5.1
billion
Up 24% on 2024
Most funded sectors
Artificial intelligence
Fintech
Biotech / Medtech
Top states by deal share
NSW
41% of funding
VIC
34% of funding
QLD
16% of funding
Highest raising startups
Firmus
$880M
Airwallex
$730M
Harrison AI
$179M
Investors most excited about
Artificial Intelligence
Hardware / Robotics / IoT
Enterprise Software
Funding to teams with at least one female founder
24%
Up from 15% in 2024
Funding to female-only founding teams
2%
Down from 4% in 2024
Deals involving with at least one female founder
24%
Down from 28% in 2024
Deals involving female-only founders
8%
Down from 10% in 2024
Investors reporting a failed portfolio company
44%
Down from 55% in 2024
Investors who believe activity to increase in 2026
51%
Same as 2024
Founders who plan to raise in the next year
76%
Up from 74% in 2024
Founders who are confident they’ll raise next round
86%
Up from 80% in 2024
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